SALVE REGINA UNIVERSITY Charity Report

Public IRS 990 nonprofit record

SALVE REGINA UNIVERSITY

EIN 05-0259080 · Education (B430)

What they do

SALVE REGINA UNIVERSITY, A CATHOLIC INSTITUTION FOUNDED BY THE SISTERS of MERCY, SEEKS WISDOM and PROMOTES UNIVERSAL JUSTICE. THE UNIVERSITY, THROUGH TEACHING and RESEARCH, PREPARES MEN and WOMEN for RESPONSIBLE LIVES BY IMPARTING and EXPANDING (SEE SCHEDULE O for CONTINUATION) KNOWLEDGE, DEVELOPING SKILLS and CULTIVATING ENDURING VALUES. THROUGH LIBERAL ARTS and PROFESSIONAL PROGRAMS, STUDENTS DEVELOP THEIR ABILITIES for THINKING CLEARLY and CREATIVELY, ENHANCE THEIR CAPACITY for SOUND JUDGEMENT, and PREPARE for THE CHALLENGE of LEARNING THROUGHOUT THEIR LIVES. IN KEEPING WITH THE TRADITIONS of THE SISTERS of MERCY, and RECOGNIZING THAT ALL PEOPLE ARE STEWARDS of GODS CREATION, THE UNIVERSITY ENCOURAGES STUDENTS to WORK for A WORLD THAT is HARMONIOUS, JUST and MERCIFUL.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $87.50 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders47 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

80.28%of revenue went to mission work87.5% of expenses · Program services

1.26%of revenue went to fundraising1.4% of expenses

$91.71spent for every $100 of revenueRevenue covered expenses this year.

10.16%of revenue went to management and office costs11.1% of expenses

$1.91in assets for every $1 spent this yearSome assets cannot be spent right away.

9.8%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $456,953 for KELLI J ARMSTRONG (PRESIDENT). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$159,139,471

Mission workProgram services$127,752,33680.28% of revenue87.5% of expenses

ManagementOffice and general costs$16,176,36410.16% of revenue11.1% of expenses

FundraisingAsking for donations$2,011,2511.26% of revenue1.4% of expenses

Revenue left after expensesReported annual surplus$13,199,5208.29% of revenueShown in gray on the chart

Total expenses$145,939,95191.71% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 87.5% mission · 11.1% management · 1.4% fundraisingTotal expenses: 91.71% of revenue

2023Expense mix: 88.9% mission · 9.5% management · 1.6% fundraisingTotal expenses: 101.87% of revenue

2022Expense mix: 88.6% mission · 9.8% management · 1.6% fundraisingTotal expenses: 99.10% of revenue

2021Expense mix: 88.5% mission · 10.0% management · 1.5% fundraisingTotal expenses: 89.84% of revenue

2020Expense mix: 88.5% mission · 10.5% management · 1.1% fundraisingTotal expenses: 95.03% of revenue

2019Expense mix: 89.2% mission · 10.0% management · 0.9% fundraisingTotal expenses: 96.50% of revenue

2018Expense mix: 89.1% mission · 10.0% management · 0.9% fundraisingTotal expenses: 100.56% of revenue

2017Expense mix: 89.6% mission · 9.6% management · 0.9% fundraisingTotal expenses: 97.91% of revenue

Money in and money out

Revenue$159,139,471

Expenses$145,939,951

Annual surplus $13,199,520 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$127,752,336 · 87.5% of expenses

Management and office costs$16,176,364 · 11.1% of expenses

Fundraising$2,011,251 · 1.4% of expenses

See all reported dollar amounts

Revenue$159,139,471

Expenses$145,939,951

Assets$278,864,156

Income$180,531,274

Contributions$15,524,842

Mission work (program services)$127,752,336

Fundraising$2,011,251

Management and general$16,176,364

Executive compensation (total)$1,683,898

Stocks and bonds$64,124,465

Accounting fees$135,910

Investing fees$688,881

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

KELLI J ARMSTRONGPRESIDENT · 35 hrs/week $456,953Base $314,720 · Other $142,233

MAELYNN PATTENVP FOR ADVANCEMENT · 35 hrs/week $306,709Base $269,612 · Other $37,097

NANCY SCHREIBERPROVOST/VP ACADEMIC AFFAIRS · 35 hrs/week $292,363Base $256,700 · Other $35,663

MICHAEL GRANDCHAMPCFO/VP OPERATIONS · 35 hrs/week $289,575Base $249,740 · Other $39,835

JAMES LUDESVP FOR STRATEGIC · 35 hrs/week $269,101Base $190,199 · Other $78,902

LETIZIA GAMBRELLE BOONEVP FOR STUDENT AFFAIRS · 35 hrs/week $259,723Base $171,862 · Other $87,861

LYNNE MELLOCHIEF MARKETING & COMMUNICATIONS · 35 hrs/week $241,458Base $164,146 · Other $77,312

JAMES FOWLERVP FOR ENROLLMENT · 35 hrs/week $218,108Base $180,370 · Other $37,738

MICHAEL PIMENTALCHIEF OF STAFF · 35 hrs/week $211,992Base $170,226 · Other $41,766

STEVEN RODENBORNVICE-PROVOST & DEAN OF STUDENTS · 35 hrs/week $202,964Base $166,390 · Other $36,574

SEAN SULLIVANATHLETIC DIRECTOR · 35 hrs/week $201,800Base $165,356 · Other $36,444

MICHELE WOODASSISTANT VP/CONTROLLER · 35 hrs/week $201,232Base $174,862 · Other $26,370

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (47)

KELLI J ARMSTRONGPRESIDENT

MAELYNN PATTENVP FOR ADVANCEMENT

NANCY SCHREIBERPROVOST/VP ACADEMIC AFFAIRS

MICHAEL GRANDCHAMPCFO/VP OPERATIONS

JAMES LUDESVP FOR STRATEGIC

LETIZIA GAMBRELLE BOONEVP FOR STUDENT AFFAIRS

LYNNE MELLOCHIEF MARKETING & COMMUNICATIONS

JAMES FOWLERVP FOR ENROLLMENT

MICHAEL PIMENTALCHIEF OF STAFF

STEVEN RODENBORNVICE-PROVOST & DEAN OF STUDENTS

SEAN SULLIVANATHLETIC DIRECTOR

MICHELE WOODASSISTANT VP/CONTROLLER

SANDRA ANTHOINEASSISTANT VP ADVANCEMENT

DAVID ALTOUNIANVICE-PROVOST

THERESA LADRIGAN-WHELPLEYVP FOR MISSION INTEGRATION

WILLIAM HALLFORMER VP FOR ADMIN/CFO

M THERESA ANTONE RSMCHANCELLOR

MICHAEL STAFFTRUSTEE

ANNE WALLACE JUGETRUSTEE

WANDA BLAKETRUSTEE

TIMOTHY P BURNSTRUSTEE

BARBARA A PAPITTOTRUSTEE (AS OF 10/1/24)

TARA GRIFFINTRUSTEE

SUSAN ANN MOORADIANTRUSTEE

BERNARD F MCKAYTRUSTEE

STEPHEN B HUTTLER ESQTRUSTEE

CHERYL E MROZOWSKITRUSTEE, CHAIRPERSON

SARAH RODGERS MCNEILLTRUSTEE (THRU 9/30/24)

CONFERENCE FOR MERCY HIGHER EDUCATIONTRUSTEE

PAUL A PERRAULTTRUSTEE, TREASURER

NANCY C CARDOZATRUSTEE

DAVID G BAZARSKYTRUSTEE, VICE CHAIRPERSON

DENNIS ALGIERETRUSTEE

HELEN DORFINGER RYANTRUSTEE (THRU 9/30/24)

DR BRIAN A PRYORTRUSTEE

DR CHRISTINE KAVANAGH RSMTRUSTEE

MAUREEN MITCHELL RSMTRUSTEE (AS OF 10/1/24)

MARYPATRICIA MURPHY RSMTRUSTEE, SECRETARY

DR JULIA A UPTON RSMTRUSTEE

DR MARY ANN DILLON RSMTRUSTEE

DR SHIRLEY MADHERE-WEILTRUSTEE

LESLIE BARRETTTRUSTEE (AS OF 10/1/24)

DR WILLIAM F LUCEY IIITRUSTEE

KATHLEEN WALGREENTRUSTEE

KATHERINE ALDRICH ESQTRUSTEE

JOHN A SULLIVANTRUSTEE

GERALD E LAVALLEETRUSTEE

About this charity

Recognized since: January 1946
Location: 100 OCHRE POINT AVENUE, NEWPORT, RI 028404190
County: Newport
In care of: MICHAEL GRANDCHAMP
Primary officer: MICHAEL GRANDCHAMP, VP FOR OPERATIONS/CFO

How to reach them

WebsiteVisit the charity’s website Phone(401) 341-2142

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: CBIZ ADVISORS LLC
NTEE classification: Education (B430)
IRS tax category: Colleges, Universities, and Professional Schools